by ClearwaysAccountants | Apr 30, 2013 | Contractor, Freelancer, Self Employment
Losing your job can be totally devastating. One minute you are stressing about deadlines, wondering how you are going to get everything done and the next moment you have all the time in the world. Many of us gain self-esteem from the work we do and losing our job...
by ClearwaysAccountants | Apr 25, 2013 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Cash accounting for unincorporated businesses What does this mean? At present all accounts submitted to HMRC should be prepared under UK accounting standards even if you are self-employed. This means that your accountant will make changes to your basic figures to...
by ClearwaysAccountants | Apr 19, 2013 | Contractor, Freelancer, Self Employment, Small business advice, Tax Tips
Do you dread keeping your business records? Nothing is set-in-stone so you can keep your business records in the way that suits you best. If you want to use an accounts book and hand write your accounts that is just fine. Spreadsheets and accounting systems make life...
by ClearwaysAccountants | Apr 15, 2013 | Business tax, Contractor, Freelancer, Small business advice
RTI easement – what a relief! HMRC have seen sense and given small businesses an easy introduction to Real Time Reporting (RTI). If you have fewer than 50 employees you can file your information with HMRC when you complete your normal payroll run but no later...
by ClearwaysAccountants | Mar 7, 2013 | Contractor, Freelancer, Pay, Expenses & Benefits, Personal tax, Self Employment, Small business advice
Cars provided by employers to their employees are taxable benefits-in-kind. This is true whether you are an employee of a FTSE100 company or a director/employee of your own single person limited company. A reminder – how is the company car benefit calculated?...
by ClearwaysAccountants | Mar 1, 2013 | Business tax, Contractor, Freelancer, Self Employment, Small business advice, Tax Tips, VAT
The Flat Rate Scheme was developed to make VAT administration easier and can also save your business money especially if you are trading as a contractor or freelancer. Most contractors will pay 14.5% of their VAT inclusive turnover to HMRC with a special rate of 13.5%...
